(a) The Congress finds that- (1) regulated financial institutions are required by law to demonstrate that their deposit facilities serve the convenience and needs of the communities in which they are chartered to do business; (2) the convenience and needs of communities include the need for credit services as well as deposit services; and (3) regulated financial institutions have continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered
This chapter, together with amendments thereof, shall be known as the "banking law", and shall be applicable to all corporations, partnerships and individuals defined in the next section and to such other corporations, unincorporated associations, partnerships and individuals as shall subject themselves to special provisions thereof, or who shall, by violating any of its provisions, become subject to the penalties provided therein. N.Y. BankingLaw § 1
(a)Authority of national banks. A national bank may receive deposits and engage in any activity incidental to receiving deposits, including issuing evidence of accounts, subject to such terms, conditions, and limitations prescribed by the Comptroller of the Currency and any other applicable Federal law. (b)Applicability of state law. A national bank may exercise its deposit-taking powers without regard to state law limitations concerning: (1) Abandoned and dormant accounts; (2) Checking accounts;
(a)Complete request means a request containing sufficient information to allow the OCC to make an informed decision. (b)Non-public OCC information. Non-public OCC information: (1) Means information that the OCC is not required to release under the FOIA ( 5 U.S.C. 552 ) or that the OCC has not yet published or made available pursuant to 12 U.S.C. 1818(u) and includes: (i) A record created or obtained: (A) By the OCC in connection with the OCC's performance of its responsibilities, such as a record
(a)Discretionary disclosure of non-public OCC information. The OCC may make non-public OCC information available to a supervised entity and to other persons, that in the sole discretion of the Comptroller may be necessary or appropriate, without a request for records or testimony. (b)OCC policy. It is the OCC's policy regarding non-public OCC information that such information is confidential and privileged. Accordingly, the OCC will not normally disclose this information to third parties. (c)Conditions
(a)Authority. The Office of the Comptroller of the Currency (OCC) issues this part pursuant to its authority under 12 U.S.C. 24 (Eleventh), 93a, and 481. (b)Purpose. This part implements 12 U.S.C. 24 (Eleventh). It is the OCC's policy to encourage a national bank to make investments described in § 24.3 , consistent with safety and soundness. This part provides the standards and procedures that apply to these investments. (c)OMB control number. The collection of information requirements contained